Real estate is a powerful asset that can be donated as a direct gift. A deed or title can be transferred from you to the LEO Foundation easily and without a large amount of unnecessary paperwork. As the donor, you will be eligible for a real estate donation tax deduction which will be equal to the fair market share of your property and can be carried forward for five years. Additionally, you may avoid Capital Gains Tax, which would be incurred if you were to sell the property instead.
If you are interested in learning more about real estate donations, please contact us. We would love to share more information with you.
Madeline LoConti Winney, CEO, LEO Foundation
24 W. Camelback Road, Suite A-407
Phoenix, Arizona 85013